How to build a property portfolio

How to build a property portfolio By Caroline Drewett Getting into the second home market is the Holy Grail for baby boomers. Having a buy to let has come easy to them, as they've paid off their own mortgages and have had ample income in the decade before retirement to pump money into property. However, it is not just the baby boomers that have the opportunity to buy other properties. It can now be in the grasp of savvy Millennials too, if they play their cards right. Building up a property portfolio is time consuming and takes a lot longer than traditional investing with a bank or capital investment company. It takes an average of 2-3 months to buy a house, and (very approximately) costs £3,000-4,000 in solicitors' fees, surveys and land registry alone, without factoring in stamp duty. But that doesn't mean it isn't worth it. For a start, investing in property means you have control over your own money; it isn't in the hands of a banker you've never met. It is also a solid investment. As with all investments, markets fluctuate, but some are quicker to recover, or slower to fall, than others. Crashes like the one in 2008 are not a regular occurrence. For years, there has been talk of London's property bubble bursting due to lack of foreign investment, Brexit, or yet another recession. But unlike with stocks and shares, people need property to live, which helps the market to maintain a certain level of stability… Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,915.81, an increase of 66.43 points. The FTSE 250 rose 64.01 points to finish at 17,856.29. The FTSE All Share climbed 31.51 points to finish at 3,762.16. The FTSE AIM All Share ended the day at 819.75, up by 1.83 points. Shares in outsourcing and professional services outfit Capita (CPI) plummeted 26.72% to 698p after the company said that its performance during the second half of its financial year had been below expectations due to delays in client decision making and slow downs in IT enterprise services. Revenue growth for the year is now estimated at 4-5%, while the forecast on underlying pre-tax profits has been cut to £535-555 million from £614 million. Don't miss our September issue! Click HERE to read. Entertainment outfit Merlin Entertainments (MERL) increased group revenues by 10.6% over the 38 weeks ended 17th September, though in constant currency terms the improvement is 3.7%. Strong improvements in the resort theme park and LEGOLAND divisions offset weaker results elsewhere in the business caused by challenging market conditions. The shares fell by 5.86% to 442.10p. Shares in AIM-listed CFD trading platform Plus500 (PLUS) dropped by 14.40% to 642p today after the company's founders sold a combined 15.5 million shares. In a statement, the firm said that they were looking to diversify their investment and will continue to hold 22% of the business.  Tomorrow's news today Fresh GDP and current account estimates for the UK will be published tomorrow. Quote of the day "Gambling: The sure way of getting nothing for something." - Wilson Mizner Latest Stories Plus500 finds support at 610p and targets 733p By Zak Mir It is normally the case that director buying or selling is significant as a signal of confidence or woe. We are reminded of this in the aftermath of the latest selling at Plus500… Click Here To Read The Full Story Wolseley's dollar earnings make it an attractive Brexit play By Robert Sutherland Smith I dubbed Wolseley shares an appealing post-Brexit play last June when the share price was 3,781p. I see no reason to alter that fundamental judgement even now that they are 4,244p… Click Here To Read The Full Story Time to clean up AIM By Evil Knievil Yesterday evening BBC Radio 4 considered fraud at AIM. Apparently AIM has raised circa £100bn since it kicked off in the mid nineties. Accordingly, one can imagine why its progenitors within the LSE are not much minded to clamp down on fraud… Click Here To Read The Full Story S&P 500 is a perfect charting sell By Zak Mir With Deutsche Bank the next Lehman Brothers on this side of the pond, and a Punch & Judy Presidential Election Stateside, there is no reason and no justification for indices like the S&P to be near all time highs… Click Here To Read The Full Story Why I'm buying into SolGold's spectacular ascent By John Cornford My taking a profit on a small proportion of my stake in SolGold after its spurt to 12p following Newcrest International's offer to buy 10% at 6p per share is looking silly now that the shares are touching 18p – after what looks like a mini-buying stampede today... Click Here To Read The Full Story Join the movement on social media: Copyright 2016 Master Investor Ltd, All rights reserved. You are receiving this email because you opted in at our website. 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